Can I retire at age 74 with 775,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator

About Your Retirement ?

Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:

Portfolio ?

% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $775,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%13.4%
1 years$63,999$63,429$62,873$62,330$61,800$60,926
2 years$31,683$31,093$30,521$29,966$29,428$28,550
3 years$20,912$20,319$19,749$19,200$18,671$17,815
4 years$15,528$14,937$14,372$13,832$13,316$12,489
5 years$12,298$11,711$11,153$10,624$10,123$9,327
6 years$10,145$9,563$9,014$8,496$8,010$7,247
7 years$8,609$8,031$7,490$6,985$6,514$5,784
8 years$7,456$6,884$6,352$5,860$5,404$4,706
9 years$6,561$5,994$5,471$4,991$4,551$3,886
10 years$5,845$5,283$4,770$4,303$3,878$3,244
11 years$5,259$4,703$4,199$3,745$3,335$2,732
12 years$4,772$4,221$3,727$3,284$2,890$2,318
13 years$4,359$3,815$3,330$2,900$2,520$1,978
14 years$4,006$3,468$2,992$2,574$2,209$1,695
15 years$3,701$3,168$2,701$2,296$1,945$1,459
16 years$3,434$2,906$2,449$2,055$1,719$1,260
17 years$3,198$2,677$2,229$1,847$1,524$1,091
18 years$2,989$2,473$2,034$1,664$1,355$947
19 years$2,802$2,292$1,862$1,504$1,208$824
20 years$2,634$2,130$1,709$1,362$1,079$718
21 years$2,482$1,984$1,572$1,236$966$627
22 years$2,344$1,852$1,449$1,124$866$548
23 years$2,219$1,732$1,338$1,024$777$479
24 years$2,104$1,623$1,237$934$698$420
25 years$1,998$1,523$1,146$853$628$368
26 years$1,901$1,431$1,063$780$566$323
27 years$1,811$1,347$987$714$510$283
28 years$1,727$1,269$917$654$460$249
29 years$1,650$1,198$854$600$416$219
30 years$1,578$1,131$795$550$376$192
31 years$1,510$1,069$741$505$340$169
32 years$1,447$1,012$692$464$307$149
33 years$1,388$958$646$427$278$131
34 years$1,332$908$603$393$252$115
35 years$1,280$861$564$362$228$101
36 years$1,231$817$528$333$207$89
37 years$1,184$776$494$307$187$79
38 years$1,140$738$463$283$170$69
39 years$1,099$702$433$261$154$61
40 years$1,060$667$406$241$140$54
41 years$1,022$635$381$222$127$47
42 years$987$605$357$205$115$42
43 years$953$577$335$189$104$37
44 years$921$550$315$175$95$32
45 years$890$524$296$161$86$29
46 years$861$500$278$149$78$25
47 years$833$477$261$138$71$22
48 years$807$455$245$127$64$20
49 years$781$435$230$118$58$17
50 years$757$415$217$109$53$15

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 74 starting with $775,000, adding $4,016 every year, while hoping to spend $40,264 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 63/27/10 Blend
73$775,000$775,000$775,000$775,000
74$858,193$817,118$805,105$910,114
75$902,888$814,316$789,235$942,508
76$950,792$810,027$771,485$972,826
77$1,002,191$804,136$751,747$1,004,914
78$1,057,396$796,521$729,913$1,038,944
79$1,116,752$787,052$705,866$1,075,105
80$1,180,634$775,591$679,486$1,113,606
81$1,249,456$761,992$650,646$1,154,682
82$1,323,673$746,102$619,215$1,198,590
83$1,403,782$727,756$585,054$1,245,616
84$1,490,334$706,782$548,019$1,296,077
85$1,583,930$682,996$507,960$1,350,324
86$1,685,233$656,205$464,718$1,408,746
87$1,794,970$626,202$418,130$1,471,773
88$1,913,942$592,772$368,023$1,539,883
89$2,043,031$555,684$314,217$1,613,601
90$2,183,202$514,695$256,527$1,693,514
91$2,335,523$469,549$194,754$1,780,267
92$2,501,164$419,974$128,696$1,874,576
93$2,681,414$365,684$58,138$1,977,232
94$2,877,691$306,375$0$2,089,112
95$3,091,555$241,728$0$2,213,014
96$3,324,724$171,403$0$2,354,920
97$3,579,089$95,044$0$2,509,830
98$3,856,728$12,274$0$2,679,081
99$4,159,933$0$0$2,864,150
100$4,491,224$0$0$3,089,637